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acc 101 Collins Computer Timeshare Company SA was started on May 1, 2017, and entered into the following transactions during May 2017. 1. Shareholders invested

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acc 101

Collins Computer Timeshare Company SA was started on May 1, 2017, and entered into the following transactions during May 2017. 1. Shareholders invested R$32,000 cash in the business. 2. Purchased computer terminals for R$5,000 from Digital Equipment on account. 3. Paid R$1,000 cash for May rent on storage space. 4. Performed computer services for Hassan Company for R$7,000 on account. 5. Performed computer services for Schmidt Construction Company for R$4,000 cash. 6. Paid Central States Power Co. R$ 1,500 cash for energy usage in May. 7. Paid Digital Equipment for the terminals purchased in (2) above. 8. Incurred advertising expense for May of R$ 1,500 on account 9. Paid R$2,500 dividends during the month. Instructions A)- Prepare a tabular analysis of the May transactions. B)- Prepare an income statement for May, a retained earnings statement for May, and a statement of financial position on May 30, 2017. (Non-anonymous question o)

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